Posted on January 16, 2017 by iMFdirect
By Maurice Obstfeld
Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Today we released our update to the World Economic Outlook.
An accumulation of recent data suggests that the global economic landscape started to shift in the second half of 2016. Developments since last summer indicate somewhat greater growth momentum coming into the new year in a number of important economies. Our earlier projection, that world growth will pick up from last year’s lackluster pace in 2017 and 2018, therefore looks increasingly likely to be realized. At the same time, we see a wider dispersion of risks to this short-term forecast, with those risks still tilted to the downside. Uncertainty has risen. Continue reading
Filed under: Economic outlook, Economic research, Financial markets, growth, IMF, International Monetary Fund, labor force, U.S. | Tagged: advanced economies, China, economic growth, emerging economies, Europe, financial markets, IMF, International Monetary Fund, Maurice Obstfeld, United States, US Federal Reserve, World Economic Outlook | Leave a comment »
Posted on December 29, 2016 by iMFdirect
What a year it has been. 12 months with big implications for the global economy.
In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few. We compiled this top ten list for the past year based on readership. Continue reading
Filed under: Advanced Economies, Asia, China, commodities, Economic research, euro zone, Europe, exchange rates, Financial markets, Fiscal policy, G-20, Gender issues, Greece, growth, IMF, interest rates, International Monetary Fund, Latin America, negative interest rates, U.S. | Tagged: Alejandro Werner, Christine Lagarde, José Viñals, Maurice Obstfeld, Poul Thomsen, Vitor Gaspar | Leave a comment »
Posted on December 21, 2016 by iMFdirect
Terms of trade is the price of a country’s exports relative to its imports. The commodity terms of trade refers to a country’s commodity exports relative to its commodity imports.
When the price of commodities, like oil, plummeted in 2015, economies that rely on exporting commodities had their terms of trade drop by an average of about 10 percent of GDP that year. Economies that rely more on importing commodities saw about a 2 percent of GDP benefit from the 2015 drop in prices. Continue reading
Filed under: commodities, Economic research, IMF, International Monetary Fund, oil, trade, U.S. | Tagged: commodity exporters, commodity importers, commodity prices, GDP, IMF, iMFdirect blog, oil, trade, World Economic Outlook | Leave a comment »
Posted on December 20, 2016 by iMFdirect
By Maurice Obstfeld
Version inعربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
After a year marked by financial turbulence, political surprises, and unsteady growth in many parts of the world, the Fed’s decision this month to raise interest rates for just the second time in a decade is a healthy symptom that the recovery of the world’s largest economy is on track.
The Fed’s action was hardly a surprise: markets had for weeks placed a high probability on last week’s move. But market developments preceding the Fed decision did surprise many market watchers. Continue reading
Filed under: Advanced Economies, Emerging Markets, Fiscal policy, Government, growth, interest rates, International Monetary Fund, jobs, labor force, U.S. | Tagged: developing economies, emerging market economies, exchange rates, government spending, growth, IMF, iMFdirect blog, inflationary pressures, interest rates, jobs, labor force, trade, U.S. elections, U.S. Fed, U.S. taxes, United States | Leave a comment »
Posted on November 16, 2016 by iMFdirect
By Jim Brumby and Michael Keen
Tax officials and experts grappled with the issue of tax treaties several weeks ago at the IMF-World Bank Annual Meetings. This arcane subject has now emerged as a new lightning rod in the debate on fairness in international taxation. As citizens demand that corporations pay their fair share of taxes and some governments struggle to raise enough revenues for basic services, tax treaties present difficult issues.
Filed under: Annual Meetings, developing countries, Fiscal policy, Government, IMF, International Monetary Fund, Investment, taxation, U.S. | Tagged: economic development, fiscal policy, IMF, IMF-World Bank Annual Meetings, income tax rates, International Monetary Fund, international taxation, investment, tax agreements, Tax Treaties, taxation, trade, World Bank | Leave a comment »
Posted on November 15, 2016 by iMFdirect
Inventor and futurist Ray Kurzweil, says intelligent machines are your friends.
In this podcast, Kurzweil talks about how artificial intelligence is helping overcome our human limitations and creating better-paying jobs.
Filed under: education, Employment, growth, IMF, International Monetary Fund, jobs, technology, U.S. | Tagged: economic development, education, employment, IMF, IMF podcast, iMFdirect blog, information technology, intelligent machines, International Monetary Fund, job creation, jobs, Ray Kurzweil, technology, United States | Leave a comment »